Gloria Sans

If you ever wondered about your Real Estate investments, I am here to shed some light on that.

In spite of the fact that property values have decreased 1% per month over the past several years and short sales and foreclosure are affecting the prices, the market continues to improve.

Broward County: One year ago, there was 18.22 months of supply. Currently, there is only 8.86 months of supply. The inventory has decreased 34.49% over the past year while sales have increased 34.69%. The average price per square foot in March was $135.

Weston: One year ago, there was 12.87 months of supply. Currently, there is only 8.25 months of supply. The inventory has decreased 32% over the past year while sales have increased 6.25%. The average price per square foot in March was $159.

Savanna (Zip Code 33327): One year ago, there was 12.65 months of supply. Currently, there is only 6 months of supply. The inventory has decreased 39.18% over the past year while sales have increased 28.26%. The average price per square foot in March was $164. Weston will lead us out of the “bubble.”

As we stated, even though the foreclosures and short sales have certainly affected the sales prices, history will prove that as inventory decreases, prices increase.

We have witnessed multiple bids in the marketplace when the properties are priced to sell.